Defined Benefit (Pension) · DOL Form 5500 · 2024
The PNC Financial Services Group, Inc. Pension Plan
Data updated 2026-08-11
- $5.5B
- Total assets
- 58,779
- Participants
- 100th
- Percentile by assets
- $94,064
- Avg per participant
Official DOL plan name: The PNC Financial Services Group, Inc. Pension Plan · Sponsored by The PNC Financial Services Group, Inc. · Pennsylvania · Finance & Insurance
$5.5B in assets, 58,779 participants
The PNC Financial Services Group, Inc.'s The PNC Financial Services Group, Inc. Pension Plan reported $5.5B in total assets and 58,779 participants in its 2024 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 123,622 plans)
- #8,507 in Finance & Insurance (8,549 peers)
Coverage in Pennsylvania
The PNC Financial Services Group, Inc. Pension Plan covers 58,779 participants in Pennsylvania, 72x the typical Pennsylvania plan (state average ~822 per filing). Assets: $5.5B.
- $5.5B
- total plan assets (2024 EOY)
- 58,779
- covered participants
- 100th
- percentile by assets (of 123,622 plans)
- $94,064
- avg assets per participant
The plan reported a net loss of $107M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The PNC Financial Services Group, Inc. Pension Plan reported net income fell from $235M in the plan year 2023 filing to -$107M in the plan year 2024 filing.
- The PNC Financial Services Group, Inc. Pension Plan reported participants fell from 63,680 in the plan year 2023 filing to 58,779 in the plan year 2024 filing.
- The PNC Financial Services Group, Inc. Pension Plan end-of-year assets fell from $5.6B in the plan year 2023 filing to $5.5B in the plan year 2024 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. The PNC Financial Services Group, Inc. Pension Plan reports 58,779 participants - 72x that state average ($5.5B EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $5.6B |
|---|---|
| Net Assets (End of Year) | $5.5B |
| Net Income | -$107M |
| Employer EIN | 251435979 |
| Plan Effective Date | 1984-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The PNC Financial Services Group, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 123,182 | $13.5B |
| 2023 | 2 | 125,377 | $15.0B |
| 2024 | 2 | 113,383 | $15.7B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The PNC Financial Services Group, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $12.2B · 28,308
- Steelworkers Pension Trust $7.2B · 46,110
- The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
- Constellation Retirement Program $5.0B · 4,809
- Eastern Atlantic States Carpenters Pension Fund $5.0B · 12,421
Scale composition for The PNC Financial Services Group, Inc. Pension Plan
The PNC Financial Services Group, Inc. Pension Plan reports $5.5B in end-of-year assets across 58,779 participants (0.045% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.063% of 93,925,755 covered participants) - about $94,064 per participant (68% of the national average assets-per-participant) . Net income for plan year 2024 was -$107M.
This plan identity (EIN 251435979, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.4B to $5.5B (+2.3%) while covered participants moved from 63,731 to 58,779 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 63,731 | $5.4B | Open filing |
| 2023 | 63,680 | $5.6B | Open filing |
| 2024 · index core | 58,779 | $5.5B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- The PNC Financial Services Group, Inc. Incentive Savings Plan (401(k), $10.2B, 54,604 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The PNC Financial Services Group, Inc. Pension Plan by total assets, not by location.
- Laborers Pension Trust Fund for Northern California (CA) $5.5B · 21,267
- Triad Defined Benefit Pension Plan (NM) $5.6B · 2,018
- Textron Master Retirement Plan (RI) $5.5B · 6,888
- Kaiser Permanente Employees Pension Plan (CA) $5.6B · 40,879
Frequently Asked Questions
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Filing takeaways
Ways to act on The PNC Financial Services Group, Inc. Pension Plan's numbers.
- By total assets, The PNC Financial Services Group, Inc. Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
- The PNC Financial Services Group, Inc.'s sponsor-wide assets have grown 16.3% since 2022 across 3 plan years on file. More Finance & Insurance plans